23,842 Shares in JBT Marel Corporation $JBTM Purchased by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new position in JBT Marel Corporation (NYSE:JBTM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 23,842 shares of the company’s stock, valued at approximately $3,592,000.

Several other large investors also recently added to or reduced their stakes in JBTM. Alliancebernstein L.P. purchased a new stake in JBT Marel in the 2nd quarter worth about $135,854,000. Gildi lifeyrissjodur purchased a new stake in JBT Marel in the 4th quarter worth about $170,862,000. Norges Bank purchased a new stake in JBT Marel in the 4th quarter worth about $98,435,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in JBT Marel in the 2nd quarter worth about $77,963,000. Finally, P2 Capital Partners LLC purchased a new stake in JBT Marel in the 2nd quarter worth about $65,536,000. Hedge funds and other institutional investors own 98.92% of the company’s stock.

JBT Marel Trading Up 1.7%

Shares of JBTM opened at $125.22 on Friday. JBT Marel Corporation has a twelve month low of $113.67 and a twelve month high of $170.19. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.32. The stock has a market cap of $6.52 billion, a PE ratio of 39.13, a P/E/G ratio of 1.32 and a beta of 0.95. The business’s 50-day moving average price is $128.97 and its 200-day moving average price is $142.85.

JBT Marel (NYSE:JBTM) last issued its quarterly earnings data on Monday, May 4th. The company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.49 by $0.09. JBT Marel had a return on equity of 8.25% and a net margin of 4.32%.The company had revenue of $936.00 million during the quarter. During the same period in the previous year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. JBT Marel has set its FY 2026 guidance at 8.000-8.500 EPS. On average, equities analysts forecast that JBT Marel Corporation will post 8.26 EPS for the current fiscal year.

JBT Marel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. JBT Marel’s payout ratio is presently 12.50%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JBTM. Seaport Research Partners set a $165.00 price objective on JBT Marel in a report on Thursday, May 21st. Weiss Ratings cut JBT Marel from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Zacks Research cut JBT Marel from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Oppenheimer assumed coverage on JBT Marel in a research report on Thursday, May 21st. They set an “outperform” rating and a $175.00 price target on the stock. Finally, Wall Street Zen upgraded JBT Marel from a “hold” rating to a “buy” rating in a research report on Saturday. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, JBT Marel presently has an average rating of “Moderate Buy” and an average target price of $174.67.

JBT Marel Company Profile

JBT Marel Corporation provides technology solutions to food and beverage industry in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers value-added processing that includes chilling, mixing/grinding, injecting, blending, marinating, tumbling, flattening, forming, portioning, coating, cooking, frying, freezing, extracting, pasteurizing, sterilizing, concentrating, high pressure processing, weighing, inspecting, filling, closing, sealing, end of line material handling, and packaging solutions to the food, beverage, and health market.